Home / Knowledge / News / Textiles / Paraxylene prices fall in global markets last fortnight
Paraxylene prices fall in global markets last fortnight
20
Mar '14
The prices of paraxylene (PX) decreased in global markets in the last fortnight ending March 15, 2014, compared to the previous fortnight ending February 28, 2014, due to weak downstream fundamentals.
 
In Korea, the average price of PX in the last fortnight was US$ 1190/ton, which is a decrease of 5.93 percent compared to the average price of $1265/ton in the previous fortnight. On a year-on-year basis, the average PX price declined last fortnight by 24.68 percent, as against the average price of $1580/ton in the corresponding fortnight of 2013. The declining trend continued and PX price was assessed at $1145/ton on March 19, 2014.
 
PX prices decreased in Asian markets due to poor demand trends coupled with a drop in prices of upstream energy value and ample product availability. In Far East Asia, the average PX price in the last fortnight was $1190/ton, showing a decrease of 4.03 percent compared to the previous fortnight’s average price of $1240/ton.
 
In Southeast Asia, the average price of PX dropped by 3.95 percent last fortnight to $1215/ton, as against the previous fortnight’s average price of $1265/ton. The downtrend continued this week and PX price was assessed at $1170/ton on March 19.
 
In Europe, the average price of PX dipped 0.85 percent to $1170/ton in the last fortnight compared to the average price of $1180/ton in the previous fortnight, due to sluggish buying activities in the region.
 
In the US market, PX price declined last fortnight due to weak downstream demand. The average price in the last fortnight was $1220/ton, which is a fall of 0.41 percent compared to the previous fortnight’s average price of $1225/ton.
 

Fibre2fashion News Desk - India


Interviews View All

Nuno Venda, ROQ

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Angelina Francesca Cheang, MY ANJE

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Liz Manning,

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Fabio Grandis,

Fabio Grandis

Italian company Grandis SRL has been operating in the textile industry for ...

Ritu Ajbani & Neha Agarwal,

Ritu Ajbani & Neha Agarwal

Petit Royal, co-founded by entrepreneurs <b>Ritu Ajbani and Neha...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search